Perbadanan TAIB today signed a memorandum of understanding with ICD, Islamic Development Bank (IsDB) Group as its aspiration into establishing Perbadanan TAIB’s Banking subsidiary. This would mean that TAIB will soon offer banking services in Brunei Darussalam. Currently the other subsidiary companies under TAIB are Insurans Islam TAIB (Takaful/Insurance) and Darussalam Holdings (Haj/Umrah services and travel agent) which are wholly owned by TAIB.

So the birth of the banking sector in TAIB will be assisted by the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank (IDB) Group and hence today’s MOU marked a new milestone for TAIB in exploring the establishment of a Syariah-Compliaunt Bank Subsidiary in Brunei Darussalam.

Dato Paduka Dr. Haji Mohd Amin Liew bin Abdullah, Deputy Minister of Finance cum Deputy Chairman of Perbadanan TAIB announced the partnership between The Islamic Corporation for the Development of the Private Sector (ICD) and Perbadanan TAIB during his welcoming remarks

For your information, The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral organization, part of the Islamic Development Bank (IDB) Group, ICD was establish in November 1999 to promote economic development of its member countries in accordance with the principal of the Sharia through private sector development. ICD encourages the establishment, expansion and modernization of private enterprises through financing private sector enterprises or projects. Projects are selected on the basis of their contribution to economic development considering factors such as creation of employment opportunities and contribution of exports. ICD also provides advice to governments and private sector group on policies to encourage the establishment, expansion and modernization of private enterprises, development of capital markets, best management particles and enhance to role of market economy. ICD operations complement the activities of the IDB.

Did you know that ICD has an authorized capital of $4 billion? Currently, the shareholders of ICD are the IsDB, 52 Islamic countries and five public financial institutions. It’s no surprise that TAIB has engaged with ICD services and it will help TAIB to be one of the competitive bank not only in Brunei Darussalam but in international waters.

During the signing, Mr. Khaled Al-Aboodi said, “Brunei is well-placed to ride the next wave of growth in the Asian Islamic finance industry. Given that Islamic finance has reached systemic importance in Brunei and that the country is located in the heart of a region that contains five of the 10 largest Muslim countries by population, I believe that this undertaking will not only serve under-banked markets, but it will also contribute to the economic development and well-being of Brunei through efficient, Syariah compliant means.”

TAIB has entrusted the services offered by ICD and this partnership will see Perbadanan TAIB moving to the next level in the financial services sector of Brunei Darussalam, supporting local economy growth as well as to opening avenues for business opportunities both in and outside the country.

I wish for the best for Perbadanan TAIB and I’m excited to see what’s in store for TAIB in the banking sector as this will help to create more job employments and help to growth of our economy in Brunei Darussalam. You can also follow them on IG @taib_bn and Facebook Page

David Tay, CEO of Telbru being moderated by Dato Timothy Ong, Chairman of Asia Inc Fourm on Leading Organizational Transformation on TelBru

Currently I’m attending the forum organised by Asia Inc Forum which is hosting the first Leading Business in Asia Forum and I found it quite interesting so far. What caught my interest is the leadership formula presented by Douglas Dean, CEO of Human Capital Group Asia Ltd as he covered the core areas that leaders need to focus on in order to thrive in uncertain markets.

As you know the global business environment is changing rapidly and in unpredictable ways. The rise of digital marketplaces, the appearance of new business models, more demanding customers, an evolving workforce with different expectations – these are some of the factors that contribute to corporations having an increasingly difficult time achieving their objectives and staying ahead of the competition.

Douglas Dean, CEO of Human Capital Group Asia Ltd has over 30 years’ of experience as a business leader and corporate consultant.

Rohn Rajen, Principal Consultant & Partner Human Capital Group Asia Limited, focuses on how to transform organizations and corporate culture through employee engagement. Rohn has over 20 years’ experience in leading change and developing organizational capabilities.

Dr. Suresh Kumar Krishnan, Managing Director Strasys Solutions Sdn Bhd, highlights the need for quality systems, including ISO standard certification in order to be competitive in ASEAN markets. He is a recognzied expert in the field of processes and procedures.

Tim Haynes, Chief Digital Officer at Human Capital Group Asia Ltd, provides an overview of the digital transformation that is currently underway in the global market and what corporations need to do to take these changes on board.

The Leading Business in Asia Forum convened by Asia Inc Forum and Human Capital Group Asia Ltd in partnership with the Baiduri Bank and Brunei Press as media partner. The aim of the Forum is to support Brunei SMEs, SOEs and business organizations by providing a learning opportunity for executives engaged in organizational transformation and creating competitive, high performance cultures.

Dk. Kemariah binti Pg Hj Duraman, owner of Kunyit 7 Lodge is one of the panelists on “How is a High Performance Culture Created?”

Kemeriah had two round of claps from the audience after sharing her journey for Kunyit 7 Lodge

Rano’s Instagram

Contact RA

About RA

A blogger since 2002, using platforms from blogspot, joomla and now currently wordpress. A readership that stands on average of 20,000 visits per month. Also on active on social media platform on IG, Facebook and Snapchat (@ranoadidas)

Advertisement rates

You can email me for your interest in advertisement packages. There's also a bundle package with social media postings.